MGX is a ticker tracked in our intelligence system with 5 linked articles.
US DOJ says federal employees can download TikTok on government devices again, due to a deal that transferred TikTok’s US operations to a JV backed by Oracle, Silver Lake, and MGX, with ByteDance retaining a 19.9% stake and Trump signaling clearance to executive agencies under policy.
SoftBank leads a €75bn of France’s AI data-centre push as part of a €93bn foreign investment surge at Choose France, backed by expanded capacity targets and accelerated government approvals.
OpenAI acquires TBPN, TBPN to operate independently under OpenAI oversight, with TBPN generating over $30M annual revenue and serving as a strategic media asset to anchor OpenAI's IPO narrative.
TikTok closes a US compliance deal via the TikTok USDS Joint Venture with ByteDance at 19.9% and Oracle/Silver Lake/MGX ownership elsewhere; Oracle will store US data and the venture will retrain/update the content-recommendation algorithm, while Congress remains uncertain about regulatory compliance.
TikTok’s US operations are being spun into a US Data Security JV with 15% stakes for Silver Lake, MGX, and Oracle; ByteDance retains 19.9% as part of a $14B deal tied to a new divest-or-ban regime.
TikTok’s USDS Joint Venture closes with ByteDance at 19.9% and the remaining 80.1% owned by Silver Lake, Oracle, MGX and other investors; the arrangement satisfies a 2024 divest-or-ban regulatory requirement for ByteDance to hold a minority stake, though exact distribution among the three managers is ambiguously described.
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